0
Not One More Inch or Acre Act
2/6/2024, 7:29 AM
Summary of Bill S 1136
If passed, the Not One More Inch or Acre Act would prohibit the Secretary of the Interior from using federal funds to acquire any new land for conservation or preservation. This means that the government would not be able to expand national parks, wildlife refuges, or other protected areas.
Supporters of the bill argue that the federal government already owns too much land, and that further acquisitions would limit economic development and private property rights. They believe that the government should focus on managing the land it already owns, rather than acquiring more. Opponents of the bill, on the other hand, argue that protecting land for conservation and preservation is important for the environment and future generations. They believe that the government should continue to acquire land for these purposes in order to protect natural resources and wildlife habitats. Overall, the Not One More Inch or Acre Act is a controversial piece of legislation that raises important questions about the balance between conservation and economic development. It will be interesting to see how Congress debates and ultimately decides on this bill.
Congressional Summary of S 1136
Not One More Inch or Acre Act
This bill requires the President to take actions as necessary to prohibit certain individuals and entities associated with China from purchasing real estate located in the United States and to mandate the sale of such property in certain circumstances.
The individuals and entities prohibited from purchasing U.S. real estate include (1) Chinese citizens, (2) entities acting on behalf of the Chinese government or the Chinese Communist Party, and (3) foreign individuals or entities acting on behalf of a Chinese citizen. Entities subject to this prohibition are generally those
Additionally, if the President determines that the ownership of U.S. real estate by these individuals and entities poses a national security risk, the President must take actions as necessary to require the sale of the property.
The bill also modifies an existing civil penalty for failing to satisfy a reporting requirement relating to a foreign individual or entity that acquires or transfers an interest in U.S. agricultural land. Under this bill, the civil penalty for failing to report the required information to the Department of Agriculture must be at least 10% of the fair market value of the relevant interest in agricultural land.
